Jose Alvarado

New Orleans Pelicans, Point Guard
Age: 26y-8m-10d (Apr 12, 1998)
Exp: 3 Years
Country: US
College: Georgia Tech
Agent(s): Ron Shade, Josh Beauregard-Bell
2024-25 Cap Hit

$1,988,598

2024-25 Cash

$1,988,598

Career Earnings

$6,988,212

2025-2026 Veteran Extension (UPCOMING EXTENSION)

Jose Alvarado signed a 2 year , $9,000,000 contract with the New Orleans Pelicans, including $9,000,000 guaranteed, and an average annual salary of $4,500,000.
Contract Terms:
2 yr(s) / $9,000,000
Average Salary:
$4,500,000
GTD at Sign:
$9,000,000
Total GTD:
$9,000,000
Signed Using:
Bird Rights
Free Agent:
2027 / UFA
Year Age Status Cap HitAnnual Cap % League Cap Apron Salary Luxury Tax Tax % League Tax Cash Annual Cash Guaranteed Cash Cumulative
2025-26 27 $4,500,000 2.91% $4,500,000 $4,500,000 2.39% $4,500,000 $4,500,000 $4,500,000
2026-27 28
Player
$4,500,000 2.65% $4,500,000 $4,500,000 2.18% $4,500,000 $4,500,000 $9,000,000
2027-28 29
UFA
Year Age Status Base Salary Incentives Likely Incentives Unlikely Cap Hit Cap % League Cap Luxury Tax
2025-26 27 $4,500,000 - - $4,500,000 2.91% $4,500,000
2026-27 28
Player
$4,500,000 - - $4,500,000 2.65% $4,500,000
2027-28 29
UFA
Year Age Status Base Salary Cash Total Cash Cumulative Cash Remaining AYC Cumulative AYC Remaining
2025-26 27 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000
2026-27 28
Player
$4,500,000 $4,500,000 $9,000,000 - $4,500,000 $4,500,000
Contract Notes

  • 2026-27: Player Option (deadline 6/29/26)

Source: Spotrac

2021-2024 rest-of-season (CURRENT)

Jose Alvarado signed a 4 year , $6,888,212 contract with the New Orleans Pelicans, including $4,899,614 guaranteed, and an average annual salary of $1,722,053. In 2024-25, Alvarado will earn a base salary of $1,988,598, while carrying a cap hit of $1,988,598 and a dead cap value of $1,988,598.
Contract Terms:
4 yr(s) / $6,888,212
Average Salary:
$1,722,053
GTD at Sign:
$2,600,000
Total GTD:
$4,899,614
Signed Using:
non-taxpayer-mid-level-exception
Year Age Status Cap HitAnnual Cap % League Cap Apron Salary Luxury Tax Tax % League Tax Cash Annual Cash Guaranteed Cash Cumulative
2021-22 23 $1,500,000 1.33% $1,500,000 $1,500,000 1.10% $1,500,000 $1,500,000 $1,500,000
2022-23 24 $1,563,518 1.26% $1,563,518 $1,563,518 1.04% $1,563,518 $1,563,518 $3,063,518
2023-24 25 $1,836,096 1.35% $1,836,096 $1,817,102 1.10% $1,836,096 $1,836,096 $4,899,614
2024-25 26
Club
$1,988,598 1.41% $1,988,598 $1,988,598 1.16% $1,988,598 $1,988,598 $6,888,212
Year Age Status Base Salary Incentives Likely Incentives Unlikely Cap Hit Cap % League Cap Luxury Tax
2021-22 23 $1,500,000 - - $1,500,000 1.33% $1,500,000
2022-23 24 $1,563,518 - - $1,563,518 1.26% $1,563,518
2023-24 25 $1,836,096 - - $1,836,096 1.35% $1,817,102
2024-25 26
Club
$1,988,598 - - $1,988,598 1.41% $1,988,598
Year Age Status Base Salary Cash Total Cash Cumulative Cash Remaining AYC Cumulative AYC Remaining
2021-22 23 $1,500,000 $1,500,000 $1,500,000 $14,388,212 $1,500,000 $1,722,053
2022-23 24 $1,563,518 $1,563,518 $3,063,518 $12,824,694 $1,531,759 $1,796,071
2023-24 25 $1,836,096 $1,836,096 $4,899,614 $10,988,598 $1,633,205 $1,912,347
2024-25 26
Club
$1,988,598 $1,988,598 $6,888,212 $9,000,000 $1,722,053 $1,988,598
Contract Notes
  • 2022-23: $1,100,000 guaranteed, fully guaranteed on 1/10/23
  • 2023-24: non-guaranteed, fully guaranteed on 1/10/24
  • 2024-25: Club Option/non-guaranteed, fully guaranteed on 1/10/25 (option deadline 6/29/24, exercised 6/28/24, guaranteed 9/28/24 as part of extension)
Source: Spotrac

2021-2021 two-way

Jose Alvarado signed a 1 year contract with the New Orleans Pelicans.
Contract Terms:
1 yr(s)
GTD at Sign:
Total GTD:
Signed Using:
Free Agent:
2022 / RFA
To see the rest of the Jose Alvarado's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here
Seasons

3 Years

Career Earnings thru 2024

$6,988,212

Earnings w/ Different Teams

1 team

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2021 23
Active
$1,500,000
$1,500,000
2022 24
Active
$1,563,518
$3,063,518
2023 25
Active
NBA Cup
$1,836,096
$100,000
$4,899,614
$4,999,614
2024 26
Active / Club Exercised
$1,988,598
$6,988,212
Total      
$6,988,212
$6,988,212
2025 27
Active
$4,500,000
2026 28
Active / Player
$4,500,000
Total
$15,988,212

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
4 $6,988,212 - - $6,988,212
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2021
23
$1,500,000
$1,500,000
$1,500,000
2022
24
$1,563,518
$1,563,518
$3,063,518
2023
25
$1,836,096
$100,000
$1,836,096
$100,000
$4,899,614
$4,999,614
2024
26
$1,988,598
$1,988,598
$6,988,212
Total
$6,988,212
$6,988,212
$6,988,212
2025
27
$4,500,000
$4,500,000
2026
28
$4,500,000
$4,500,000
Total
$15,988,212
$15,988,212

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
4 $6,988,212 - - $6,988,212

Injuries

Year Dates Games Missed Reason
2024-25 NOP Nov 13, 2024 - TBD 16 Hamstring
2023-24 NOP Mar 28, 2024 - Apr 06, 2024 5 Hip
2023-24 NOP Jan 07, 2024 - Jan 10, 2024 1 Illness
2023-24 NOP Dec 01, 2023 - Dec 01, 2023 1 Ankle
2023-24 NOP Oct 25, 2023 - Nov 19, 2023 13 Ankle
2022-23 NOP Mar 01, 2023 - Apr 09, 2023 20 Leg
2022-23 NOP Dec 15, 2022 - Dec 16, 2022 1 Ribs
2021-22 NOP Dec 26, 2021 - Dec 31, 2021 2 Health Protocols
  • Sep 30, 2024 Signed a 2 year $9 million contract extension with New Orleans (NOP)
  • Sep 28, 2024 New Orleans (NOP) fully guaranteed $1.99 million salary for 2024-25 as part of extension
  • Jun 28, 2024 New Orleans (NOP) exercised $1.99 million Club Option for 2024-25
  • Feb 25, 2024 Suspended 3 games (forfeit $37,988) for leaving the bench during altercation during MIA-NOP game
  • Feb 23, 2024 Fined $2,000 for ejection from MIA-NOP game
  • Nov 12, 2022 Fined $2,000 for ejection from HOU-NOP game
  • Mar 28, 2022 Signed a 4 year Rest-of-Season contract with New Orleans (NOP)
  • Aug 18, 2021 Signed a Two-Way contract with New Orleans (NOP)

Fines

Date Reason Fine Amount
Apr 07, 2024 for technical foul during NOP-PHX game $2,000
Feb 23, 2024 for technical foul during MIA-NOP game $2,000
Feb 23, 2024 for ejection from MIA-NOP game $2,000
Dec 23, 2023 for technical foul during NOP-HOU game $2,000
Jan 25, 2023 for technical foul during MIN-NOP game $2,000
Jan 11, 2023 for technical foul during NOP-BOS game $2,000
Nov 12, 2022 for ejection from HOU-NOP game $2,000
Nov 12, 2022 for technical foul during HOU-NOP game $2,000
Apr 07, 2022 for technical foul during POR-NOP game $2,000
Jan 31, 2022 for technical foul during NOP-CLE game $2,000
Jan 25, 2022 for technical foul during NOP-PHI game $2,000
Fines: 11 $22,000

Suspensions

Date Reason Games Suspended Fine Amount
Feb 25, 2024 for leaving the bench during altercation during MIA-NOP game 3 $37,988
Suspensions: 1 $37,988
Year Team GP GS Min/Gm Pt/Gm Reb/Gm Ast/Gm Stl/Gm Blk/Gm FG% 3PT% FT%
2024 NO 11 7 25.5 10.7 2.2 4.5 1.5 0.3 .396 .400 .824
2023 NO 56 18.4 7.1 2.3 2.1 1.1 0.3 .412 .377 .673
2022 NO 61 10 21.5 9.0 2.3 3.0 1.1 0.2 .411 .336 .812
2021 NO 54 1 15.4 6.1 1.9 2.8 1.3 0.1 .446 .291 .679
Top